Jim Wayne Acquires Multifamily Property In San Gabriel Valley For $3.3M

A multifamily property located at 1331 N. San Gabriel Avenue in the San Gabriel Valley has been sold for $3,300,000. The transaction took place on September 28, 2021. The property consists of 12 units, with an average price per unit of $275,000. It spans a total area of 11,734 square feet, resulting in a price per square foot of $281.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,300,000
• Address: 1331 N. San Gabriel Avenue
• Market: San Gabriel Valley
• Units: 12
• Price per Unit: $275,000
• Square Footage: 11,734
• Price per Square Foot: $281

The buyer in this transaction is Jim Wayne, while the sellers are Kamal Narang and Kusum Narang. Eric Chen and Blake Torgerson represented the buyer, Jim Wayne, in the deal. On the other hand, the sellers, Kamal Narang and Kusum Narang, were represented by Eric Chen and Joyce Goldstein.